the hAnDbook oF teChnICAl AnAlySISFigure 19.8 depicts copper prices reacting to various one‐eighth retracement
levels as seen within the circles indicated in the chart.
Gann’s one‐third retracements
In similar fashion, Gann also believed that one‐third retracement levels are of
significant importance. Figure 19.9 shows soybean prices reacting to the one‐third
and two‐thirds retracement levels.
fiGure 19.7 Price Reacting at Gann One‐Eighth Retracement Levels on the Daily
Chart of the Dow Jones Industrial Average.
Courtesy of Stockcharts.comfiGure 19.8 Price Reacting at Gann One‐Eighth Retracement Levels on the Continu-
ous Daily Chart of Copper.
Courtesy of Stockcharts.com